The book, published by Sweden’s Dag Hammarskjold Foundation together with the international Durban Group for Climate Justice and the UK-based NGO The Corner House, argues that carbon trading slows the social and technological change needed to cope with global warming by unnecessarily prolonging the world’s dependence on oil, coal and gas.
Carbon trading “dispossesses ordinary people in the South of their lands and futures without resulting in appreciable progress toward alternative energy systems,” said Larry Lohmann of the Corner House, the book’s editor. “Tradable rights to pollute are handed out to Northern industry, allowing them to continue to profit from business as usual. At the same time, Northern polluters are encouraged to invest in supposedly carbon-saving projects in the South, very few of which promote clean energy at all.”
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